The Los Angeles Post

Schumer moves semiconductor bill

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Senate Majority Leader Charles Schumer (D-N.Y.) plans to hold a vote soon on a bill to provide $52 billion to $54 billion in assistance to the domestic semi-conductor manufacturing industry and a tax credit for semi-conductor manufacturers, according to Senate sources.

 

Schumer has told senators to expect a floor vote as early as Tuesday of next week.

  • The slimmed-down CHIPS bill, intended to improve competitiveness with China, at a minimum will include emergency funding for semi-conductor manufacturers and the investment tax credit from the Facilitating American-Built Semiconductors (FABS) Act.
  • The legislation is not expected to include a package of trade provisions that Republicans insisted be attached to the Senate version of the bill that passed last year.
  • A source familiar with the negotiation, however, said additional pieces could be added if they are ready in time.